The global industrial company Stone Canyon Industries Holdings LLC (SCIH) announced that it has completed the acquisition of the business of Kissner Group Holdings LP for $2 billion. Kissner is a leading producer and supplier of salt in North America.
Kissner Group Holding headquartered in Overland Park, Kansas, the USA, is a vertically integrated bulk salt, specialty salt and evaporated salt producer. The company focused on governmental and commercial customers across the United States and Canada. Kissner owns and operates two rock salt mines located in Detroit, Michigan and Lyons, Kansas.
In February 2020, Stone Canyon Industries Holdings LLC announced that its subsidiary SCI Rail Holdings LLC has acquired Salco Products, Inc. Salco is the largest supplier of circular hatch covers to the North American freight car industry along with valves for tank cars and metal- and plastic-based components used in various types of hopper cars, tank cars and over-the-road trailers.
In May 2019, Stone Canyon Industries Holdings LLC has agreed to acquire Reddy Ice Holdings, Inc. the largest manufacturer and distributor of packaged ice in the United States, which is majority owned by funds advised by Centerbridge Partners, L.P.
About Stone Canyon Industries
Los Angeles based Stone Canyon Industries is a global industrial holding company. The company designed to buy, build and hold for the long term, with a strategy focused on acquiring and operating market leading companies. SCIH companies operate in essential industries that provide mission-critical products and services to customers around the world.